2627 E Uintah ST Active Save Request In-Person Tour Request Virtual Tour
Colorado Springs,CO 80909
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,470 sqft
Price per Sqft $198
Subdivision Divine Redeemer
MLS Listing ID 6915379
Style A-Frame
Condo Fees $750
HOA Fees $750/mo
HOA Y/N Yes
Abv Grd Liv Area 3,470
Year Built 1985
Annual Tax Amount $2,259
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Quadruplex
Source recolorado
Property Description
Cushman & Wakefield is excited to present an exceptional investment opportunity at 2625–2627 East Uintah, strategically located in the heart of Colorado Springs. This property features two well-maintained 4-plex buildings, offering a total of 8 spacious units, each with an average size of 850 square feet. With its prime location and unique condo-style layout, this property provides not only a steady cash flow but also future potential for significant returns. Each of the large 2-bedroom units are thoughtfully designed with modern amenities, including in-unit washers and dryers. This adds both convenience and value, enhancing tenant satisfaction and retention. The property has been meticulously cared for, with clean, well-kept common areas and a professionally managed HOA that ensures long-term quality. Recent capital improvements, such as the installation of PEX water lines, further enhance the property's durability, minimizing future maintenance costs and securing its long-term value.What truly sets this investment apart is its future potential for condo conversion. The condo-style design of the units positions the property for the possibility of selling individual units, a strategy that could significantly maximize future returns. With Colorado Springs' growing popularity and demand for both rental units and condos, this opportunity offers substantial upside potential. This property is a unique opportunity for investors looking to secure immediate rental income while positioning themselves for long-term appreciation through potential condo sales. Its combination of high-quality construction, prime location, and significant future upside makes this a must-see for investors seeking strong returns in the vibrant Colorado Springs market. OWNER IS WILLING TO SELL ONE INDIVIDUALLY OR BOTH 2625 & 2627 UINTAH TOGETHER.
Location
State CO
County El Paso
Interior
Heating Forced Air
Cooling None
Fireplace N
Laundry In Unit
Exterior
Roof Type Shingle
Total Parking Spaces 12
Garage No
Building
Sewer Public Sewer
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Queen Palmer
Middle Schools Galileo
High Schools Palmer
School District Colorado Springs 11
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional,Other
Listing Terms 1031 Exchange,Cash,Conventional,Other
Special Listing Condition None